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According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 628,000 in June. This represents a 1.6% increase from May's upwardly revised rate of 618,000 but a 5.6% drop from the previous year.
The new U.S. housing law could boost homebuilding and housing stocks, putting homebuilder ETFs like ITB and XHB in focus.
Higher mortgage rates are discouraging potential sellers from listing their homes.
The first half of 2026 demonstrated slow, but steady growth toward prepandemic levels.
Sales of previously owned homes in June dropped 2.4% from May. Inventory at the end of June was 1.56 million units, down 0.6% from May but 1.3% higher than June 2025.
Home sales unexpectedly declined 2.4% in June after a strong May. Home sales declined in June, ending the housing market's key spring season on a sour note as buyers grappled with high mortgage rates and record home prices.
U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.
According to the Census Bureau, new home sales were at a seasonally adjusted annual rate of 580,000 in May. This represents a 7.3% decline from April's rate of 626,000 and an 6.8% drop from the previous year.
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